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-president praise its product. >> you're make something of the most energy efficient windows in the world. >> think getting the vice-president was a big feel and they got the president, too. >>hese workers will now have a new mission, produce something of the most energy efficient windows in the world. >> other companies don't get so much help but this company gave money to the democrats and one of their executives was married to an energy department official. it's shoe nice to get special government help. >> tnk you, mr. vice-president, four your support. >> left-wing think tanks criticize corporate welfare but somehow green handouts are okay. >> everybody wants to find a better fuel efficient way to go about their daily business, and the government is going to invest in companies to pioneer technologies. that it is not corporate welfare. >> the business is tooumb to invest without the government saying, do this. >> the private sector will only invest if they know for sure there's a commercial market place. >> you say everybody wants these things. isn't that enough incentive for private greedy sub
talked about today was energy. i'm from an energy state and the energy committee and his actions are different than his words. he continues to block the keystone pipeline which would help us in terms of energy security and bringing more jobs to america, so his words are very different than his actions and we see it again on energy, with his policies. >> so, senator barrasso, thank you so much for being here. congressman labrador, both of you come back. i appreciate it. >> thanks. >> up next, the odds and costs of diving over the cliff with "time" magazine's michael crowley, a.b. stoddard of the hill, karen tumulty of the "washington post" and cnns's jessica yellen. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to g
that kind of lodge quick from a ceo, particularly from a an industry giant. speaking of energy industry giants now that the election is over what will happen with the keystone xl pipeline? it is planned to stretch from canada to the gulf of mexico and has been plagued with controversy since day one. construction on the southern leg is underway but the northern section is still up for debate. transcanada hopes its most recently revised route will ease concerns over nebraska's environmentally sensitive sand hills region and i had a chance to ask ceo russ germing to lay out the details. tell me about the route. hopefully we can put the picture up again. there are a quite a few little loops along the way to make sure it doesn't touch this environmentally sensitive area. in a way are you sort of calling the president's bluff, saying, well, we have done everything we're supposed to, now approve it? >> i think we've done that, we've done everything that we are supposed to do for the whole process that started well over four years ago. and, this is just the latest, you know, adjustments we made
is your best bet? >> there is no dow that energy stocks, to me, we are seeing the spikes in oil prices today. lori: you are basically saying try to raise some cash during this last week. that could be your fine opportunity. >> right. you have to think back at what these companies are saved. they are not overly optimistic. they were not doing back flips about the future. sometimes waiting is the best investment strategy that there is. you have to begin to see whether they will begin to grow. most companies have to face the facts. most companies are making money because of cost-cutting. i think we have to really look at ways to just be ready. the best place to be -- lori: lean and mean. cash is, well, i guess that is why you had a debate. i guess i can hold on for two weeks. >> i agree. they are lean and mean. every quarter, they are cutting more and cutting more. now, we are at the point if they are able to prove that this make sense, they will be able to show that they can grow. this could make or break a great quarter. corporations dealing with uncertainty really shows that it will ei
the night. the first moves into pennsylvania and weakened and then transfer energy to a system that is going to roll up the coast but that happens too late for this to be a major snowmaker for most of us here. a wide swath of snow from the storm from west virginia into new england. as far as accumulations are concerned one to three inches from columbus and then into pittsburgh and new york city picking up a quick one to three inches through the afternoon when the snow arrives but then boston is where things get interesting as the storm rapidly strengthens off the coast. snow will intensify as we get through the day and then especially the coasts of new england, cape cod into boston we could pick up snow in the 3-6-inch range and then the storm continues to strengthen and drags in north and west temperatures only going to fall. as far as the temperatures right now quite cold across the midwest and thorn plains and we are at 18 currently minneapolis. for tomorrow here. and winter is certainly here and here to stay. that cold air will continue to filter in as we track on past new year's day and
. back to you, carl. >> seema, thanks so much. check out some energy in metals this morning. let's go to our favorite birthday girl of the day. bertha coombs. >> thank you very much, for the birthday wishes. you know, it's national chocolate day. what else would be better on your birthday? except for a lot of inventory numbers today, delayed because of the christmas holiday. we have energy at the moment fractionally higher across the board. the dollar index weakening just a hair at the moment. despite the fact that we had industry numbers that were a bit bearish. the api putting out numbers of crude stocks. when you look out at the estimates for the eia, we're expecting to see a drawdown of crude of 2 million barrels. crude, the third weekly gain. one of the biggest gains we've seen in a long time, nearly 3% this week. it's looking fairly technically strong. gasoline will be the one that people will watch. eia estimates are for a build there of 250,000 barrels. it's closer to that than what we saw from the api at 2.5 million barrels. that's certainly going to be more bullish for gasol
this year. these are things that can tell you how much energy you're using, you can control them with your smartphone app so they can connect to the internet. so devices are getting smarter and smarter. they are learning our energy usage habits and are saving us energy. in fact, we have a nest in my house and it saved us about $300 a month this summer in air conditioning bills. >> the final one, what is it, 4d television or 4k television? >> this is ultra-high definition television. why have high definition when you can have ultra-high definition. someone who works in tv, i'm sure you're really excited to see this. sony is already selling these. they are about 25 grand so that's not affordable. >> how much better def do i get? now it's 1080p. how many more pixels do i get? >> you have to see it to believe it. i saw demos before and thought okay, you don't know you want this until you see it. then you think yes, i want this. sony is doubling down on this technology by remastering some of these movies for this type of technology. they've got "spider-man" out. i think we will talk about it --
? tracy byrnes? the list is said. did you have a stronger dollar against the euro >> energy pricing is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading vol
, the investments they make and the clean energy jobs they create. 2 million americans are out of work with, but out there looking and pounding the pavement every day will continue to receive unemployment benefits as long as they're actively looking for a job. i'm very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we have to find ways to reform that program without hurting seniors who count on it to survive. and i believe that there's further unnecessary spending in government that we can eliminate. but we can't simply cut our way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government time to pay these bills on time, the result will be catastrophic. hopefully we will focus on seeing if we can put a package like this togethe
ffom the pits of the cme. sandra: this from a late government report on energy supplies. normally we get a crude oil report on wednesday but because of the christmas holiday we got it today and we are a few minutes from the close of the trading session for crude oil. it has been quite a week. the second straight day of losses but still hanging on to the $90 market. this crude-oil inventories key, showing the size of crude oil setting a nine month high, that would be good for gasoline prices to go lower. this isn't always a good sign about the economy. in the face of the fiscal cliff there is concern about what will happen with taxes and american consumers income in the new year. they're backing off of energy consumption. that is leading to lower prices. for the trading, overall volume is half of its 100 a average. we're seeing light participation in those markets and as of today crude down 8%. we are watching natural-gas prices as whether roles throughout the country. folks are using more natural gas pushing prices up, contrary to crude-oil prices going down, the energy report is dai
? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> still being treated for a persistent cough, george hw bush couldn't be home for christmas this year so home came to him along with chinese food. from houston with the latest on the 41st president's health. neal bush came and barbara was there to have chinese food. he is still very much bedridden by this cough. >> he certainly is, luke. yesterday the former president spent all day in the hospital with family and friends. i will talk about that in a moment. the former president has been in the hospital from a persistent cough. late last week they said that the president suffered from low energy days. a few days of low grade fever. that is what prevented him from going home for christmas. christmas came to him. former first lady barbara bush along with their son, neal, and his family surrounded him and brought him chinese food. it's a bush family tradition to visit one of their favorite chinese restaurants on christmas and they brought in the food and the f
continue to like u.s. equities. there are pockets in the u.s. equity market that look attractive. energy particularly as well as technology, even health care to some degree. both for yield and investors as well as those looking for capital growth but increasingly because risks are receding on a global basis we're suggesting investors pivot to non-u.s. equities. international markets look very appealing right now. ashley: what about the targets on s&p, best worst scenario? >> we best-case scenario of 1545 on the s&p 500. ashley: okay. >> 8 t0 10% or so out of the money. ashley: right now 1414. >> it is. and that would imply mid to upper single-digit earnings growth and very little in the way of multiple expansion to get to that kind of a figure. on more optimistic case, we have 1680 out there. ashley: that is optimistic. >> well it is. it is scenario majority of probability for us but nonetheless we put it on the table in the context of us getting past the fiscal cliff, seeing increase in certainty, risk continue to abate internationally. and as a consequence earnings growth coupled with
on gasoline? >> i'm not sure it will until we have a domestic energy policy that sort of supports this transition. you know the people, pickens plan talks about the transition of you know, heavy trucks, eight teen wheelers to liquified natural gas. that is great idea. they run constantly. big road fuel hogs. but no one will do that in a large way until the infrastructure support that. why would you convert your trucking fleet if you can't fuel it up? david: there are questions about, so much money being poured into the natural gas right now and research. if they found a way of making liquified natural gas much easier to make, much cheaper to make and therefore gave the natural gas companies in the u.s., a excuse a reason to export it overseas wouldn't that put pressure on oil and gas? >> sure. we issued licenses to export natural gas. the real question it will take time to build the truck infrastructure. we're geared to take in energy, not push it out. as a result of that it will take us a year or two to build terminals, the ability to export into the global market. david: bottom
about the veg tannels and be smarter and have more energy. >> i find myself doing it with the milk. you are talking about the calcium and the teeth . i participate and thrameeps parents also -- respiratory >> it is not involved and not eating fruits and vegetables. >> and exercise is so important. you say to add to the daily routine. you talk about tech gifts . you got to get outside and run around. >> tike bite-sized pieces of the you can't expect a parent to go home and exercise with my child for an hour. you take five or 10 minutes and walk the dog and getting outside in the cold weather is a beautiful thing. people tend to stay inside. get outside and walk the dog and play with the ball or inside, do sit am've ups and push ups with the children. it is not unreasonable. it is mommy me time and daddy time with the kids. >> i saw a couple of jumping jacks . improve their emotional health. >> parents need to be better displinarians. it is children that are not disciplined properly . parents . to be their children's friends. you want to be their parents and you have to stop and give guid
. that was a near miss. something about labor disnews is the port. >> we try to move more energy outside of the u.s. to asia in particular, getting those contracts in place will be more important. but that is a ten year timeframe. >>> not-so-good news for nokia, a month after the launching in the u.s., cell phones are offered at steep discounts or free on u.s. carriers or amazon. nokia is betting heavily on that phone which runs microsoft's windows 8 system. it launched in november with at&t for $99. another version of the phone also available force 99 at verizon. some discussion, dennis, this is just how things work. >> i don't think that's how things work. if you buy an iphone 4s. this is not the most current model, iphone 4s, had verizon, tough pay $99. that is the outdated model. i encourage -- i don't know if people can tweet to the show, i would love to see photos of people actually using the nokia lumia. >> even for free, you mean? >> free or charged. >> would they use it for free? >> don't believe it is being used. >> on the subway, i count who's doing what. i've seen -- >> being very par
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master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> donald trump said republicans have a nuclear weapon and they should use it. that's not all he said. we spoke with him earlier tonight. >> donald, i understand that you say the republicans are in a stronger position than they realize going into this fiscal cliff debate or debacle, whatever you want to call it? >> i think they are in the strongest position if they only knew the debt creel is coming up in a very short period of time. frankly, if you remember on your show i said they should not agree to extend the debt ceiling beyond the election. and when they did that, and as soon as they did that, they love the election. they would have won the election had it come due before and they would have won that had they stuck to it but they didn't do it. but the debt ceiling has to be agreed to. they have the cards i just don't think they know it, unfortunately. they should get everything they want based on the debt ceiling alone. >> expl
are financials which are the best performing sector of 2012. taking a turn south in today's session. energy and materials actually also joining the fray among the leading laggers within the sectors that we followed. we also wanted to point out jcpenney. it was an outlier and today it reverses. it's having its worst day in six weeks, i believe. the reason being there was an article in the wall street journal saying it's a do or die year for jcpenney. >> wow. that was an intraday chart. normally they fall and then they hold. this thing looks like a ski slope. getting worse and worse as the session goes on. >> yes. >> thank you, mary. >>> in terms of percentage declines, the nasdaq is the biggest winner or loser. seema mody, following the winners. >> seems like investors are following the developments or lack of developments out of washington. that's what's weighing on the nasdaq. we're down about a percent. large cap tech. google down a percent. apple down a similar amount. two headlines to watch on shares of apple, holiday retail survey shows customer satisfaction with apple's online stores
doing more than increasing chances we'll become energy independent. it is also bringing about booming investment in the transportation industry. a new report says estimated $45 billion, you heard me correctly, $45 billion bucks will be spent new, expanded pipelines, railcars, rail terminals and that is just next year. how do you get in on this, right? it is a windfall. but is it realistic? we'll turn to andy lipow. andy i would have assumed it was shipped by pipeline. what is it about railcar? it seems awfully 19th century to ship oil that way. >> it is new development in the oil patch but if you look at oil production in north dakota, we simply don't have pipeline to move that oil east and west coast where we have significant amount of refining capacity. adam: what saying invest in who? the rail companies that ship oil or the companies that actually make steel for the tracks? what do i do with my money? >> well we actually have both of them. in fact on the railroad front we have burn link ton northern owned by berkshire hathaway but other winners in this will be the union pacific, th
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parts of the north by feeling that this whole extra infusion of energy had come into the union cause. >> reporter: a cause that changed a nation. ron mott, nbc news, new york. >>> when we come back, a doctor who makes a house call for an entire community, changing kids' lives and making a difference. we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most comp
, the president also mapped out an ambitious second-term agenda, including immigration reform, energy policy and stiffer gun control laws but all that's on hold while the fight over taxes and spending rages on. kate? >> kristen welker at the white house tonight. >>> so, what does an impasse mean? for more, wasn't to bring in cnbc's washington bureau chief, john harwood. let's break it down here. if we have no deal tomorrow, by midnight tomorrow, what happens? what is the direct impact on the american taxpayer? >> the biggest impact, kate, would be on the 2 million americans who would lose extended unemployment benefits of around $300 a month. the average family through the loss of the payroll tax cut would lose about $20 a week out of their paycheck and as for the tax withholding, the higher tax rates for people through the income tax code, treasury could put off delaying -- taking more money out of people's paycheck bus they are not inclined to do so unless a deal is imminent on capitol hill. >> the markets were unsettled last week with all the indecision in washington. what are we looking
the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. as china prepares to usher in the year of the snake we're looking at the year of the grumpy cat and the puppy the size of an iphone. 2012's we'dest moments from the animal kingdom. >>> then there's this before we call it a day on "studio b." it seems nobody's figured out facebook's privacy setting.
the president promises green energy, environmental rules have choked the industry and sent millions to the unemployment lines. >> he is bound and determined to have that level of taxation out of the country. >> the new taxes that lie ahead. and getting married? buying a new home? >> family is the basic economic building block of the country. >> why the best time to do it is now. >> ladies and gentlemen, governor mike hukabee. >> hello, everybody and welcome. delighted to have you here. what a great audience. welcome to "huckabee" from the fox news studios in new york city. as we wrap up 2012 and get ready for 2013, happy to have you with us. now tonight we are going to take a look ahead and look at some of the key issues that will impact us in the new year. first, let's look back at some of the most memorable quotes from last year. the president is going to be sworn in for his second term in a few weeks. so what will four more years of obama bring? he gave as you preview of what is to come in march. >> after the election i will have more flex ability. >> yikes. more flexibility? my
, new energy. i'm optimistic, but i'm going to keep fighting. >> and how do you feel about this notion there seems to be a congratulatory tone just to avoid armageddon? how do you feel about joining a group that effectively created a disaster and then didn't really even solve that disaster? >> there should be no congratulations in order. i don't want to say this is the worst-case scenario, but what just happened is not what should have happened. there would be no congratulations in order. we need to sit down almost from scratch and look at it with a fresh lens and get our traffic on the right track. you can look across the world, so many countries, you look at china, they're slowing down, europe is in a radio session. south america has slowed down. america has a chance to become and stay the global leader for generations to come if we make the tough choices right now. >> you might have some tough choices to make on hurricane sandy, because boy oh boy there's a storm brewing there. grant lace on the new job. >> thank you. >>> for more details on who will pay and how much tax, you can ju
a meaningful grassroots system within all the energy they have built. there are other groups and examples, unions and move-on, have systems whereby they still crowd source. i think viewers of the ed show know how unions do that, and they do it effectively under attack. this tea party has people getting $8 million payouts. if you're so against government spending, worried about the money at the top, why should dick armey be getting all this cash? >> wow! jay-z spinning ari melbin. >>> the tragic christmas eve shooting in western new york is furthering the gun debate. is new gun legislation in our future? >>> if you haven't heard about the dairy cliff, you'll want to listen up. david k. johnson explains why you could be paying $8 for a gallon of milk if congress doesn't act. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better tha
, that's the problem, they have struggled to create a meaningful grassroots system within all the energy they have built. there are other groups and examples, unions and move-on, have systems whereby they still crowd source. i think viewers of the ed show know how unions do that, and they do it effectively under attack. this tea party has people getting $8 million payouts. if you're so against government spending, worried about the money at the top, why should dick armey be getting all this cash? >> wow! jay-z spinning ari melbin. >>> the tragic christmas eve shooting in western new york is furthering the gun debate. is new gun legislation in our future? >>> if you haven't heard about the dairy cliff, you'll want to listen up. david k. johnson explains why you could be paying $8 for a gallon of milk if congress doesn't act. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronc
a ping pong master while cording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. w get 200 free trades when you open an account. stuart: listen to this, new at 10:00 in newspaper in new york state publishes the names and addresses of hundreds of gun owners in two counties. the journal news says it is providing a public service by telling people about legally owned guns in their neighborhoods for. if you are one of those gun owners how would you feel? a lot of them are not happy. in a few minutes we will talk to a man who was named by the paper on this program. check the big board. we are down 1 point. that is all we
. sorry. >> dana. >> immigration, economy and energy were the exact three things he said in 2009 that were important to get done. >> not exactly a grand vision, is it? >> it would great if he were to get it done. >> it's the exact same proposal from 2008 and also, he's not getting any of that done. with the mood in washington and republican house, none of it's going to happen. >> yeah, everybody's too unsettled, angry, upset. everybody feels like they've been gypped along the way and sold a bill of goods and he has to say this because that's what his supporters and political cronies want him to say, but it's not happening. >> if they wanted immigration reform they could have had it in 2008. president obama is one of the people-- >> i can hand bob off, but not you. >> and now to benghazi. >> this was a politically motivated attack on her. i mean, of all the people in my national security team she probably had the least to do with anything that happened in benghazi. why she was targeted individually for the kind of attack that she was subjected to, it was puzzling to me and i was very clear
't know. i think she showed no signs of her energy lagging as secretary of state, and that's a pretty tough job, too. i'm not saying it's as vicious as running for president, but i didn't see her slowing down, and i think she will run. >> let me ask you about the ideology. where do you think she stands politically? would you put her where i put her on foreign policy to the right of obama? rana? >> i would. >> and safer politically for an election in a general election given the fact people normally want to switch parties every eight years. you don't want to run as a xerox of obama. your thoughts. >> i do think she's to the right on foreign policy. i think what's going to be really interesting is seeing where she is economically. she's been very savvy about using economic statecraft to advance foreign policy goals for the u.s. it will be interesting to see what she brings to the economic debate because i think that's still going to be a debate in the next election. jobs. how to grow, how to get the country back on track. it will be really interesting to see where it comes off. >> i hav
much time and energy running forensics on whatever claim, you're exhausted with the topic and you've learned nothing of value. that may be happening again with another high level cabinet post. >> senator graham, final question, can chuck hagel become secretary of defense if he's the president's nomt knee? >> a lot of republicans asking hard questions, i don't think he's going to get many republican votes. i like chuck, but his positions, i didn't know all of them. are out of the mainstream and well to the left of the president. i think it will be a challenging nomination, the hearings will matter. >> if i were in the senate on the armed services committee, and he was nominated i would have some serious questions to ask him. >> i think senator engle will not be nominated or not be confirmed. the concede in the obama white house was these are republicans. on foreign policy, he's been way to the left of president obama. >>> former nebraska senator chuck hagel has been leaked not nominated leaked as a potential nominee for secretary of defense, and there was already a massive counter
with a bick bounce after losing 40%, alexion and other biotechs rallying and consol energy and natural gas players among today's decliners with forecasts calling for warmer weather ahead. kohl's and other retailers lower after likely disappointing sales. and emc, disappointing fourth-quarter earnings, and continued pressure for watson phrma after the fda approved a generic version of its adhd drug. a lot of movement today, bill. >> ber, that thank you very much. >> sorry, we've been chatting here. >> bill is making an interesting point. got to look at strength within the market and pay attention to what signals we're seeing. >> and a very strong last few minutes of trading here for the bulls. >> anything to give pause, maybe it's what happened with the euro, not exactly participating. >> exactly. a huge first day of the year msnbc what for the rest of the year? someone who studies these types of things joins us next? >> also, billionaire investor wilbur ross joins us. we'll find out if a tax deal is changing his investment outlook and just what his plans are now that there's some certainty
for renewable energy in the fiscal cliff year. specifically for wind and biodiesel, a lot of people are extrapolating and there will be cuts in subsidies. i know becky, what everyone will say on the headlines. stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe player is playing, the index is una hundred percent of the time in the following year with average gain of 12.5%. you got me there? it looks like we will be up 12.5%. he used to be an independent trader but is beginning a new deal with o'neill securities today. >> thank you very much. thank you very much. >> which means he will be with us. >> that is a good thing. >> as you forecast a look ahead to
phased out for more energy-efficient ones. >>> a new law in australia is banning ladies' nights. is it's part of an effort to tackle binge drinking but some bars found a little hole that says if the deal applies to everyone it's okay. so they might be offering drinks to men. >> despite the last-minute deal settled in the u.s. senate last night, the united states has technically fallen off the fiscal cliff as of now. the house has not voted and the president has not signed anything. why couldn't washington have solved this problem earlier? they have had it for over a year. did it have to be pushed to the very last second? i'm joined by debby dingle and ron myer. does it have to be done like this? >> i think all of us would like to see it not done like this, but i think the reality of what the tax increase would be to 100% of americans, i still think we're going to hear a lost static on the house side before you see that vote. it takes coming down to the wire, unfortunately, too much in washington to get the answer to occur. we're only punting. it's going to make march madness a new defi
the moves within the energy and metals market. check in with sharon especiallier son. >> we're looking at u.s. oil prices, the wti contract was at the highest levels since september. above $93 a barrel and it's broken through key technical levels. the same is true for brent crude. the next level to get to in terms of resistant above $113 a barrel. we're also seeing gains even in the gasoline futures and that comes on a year that saw the highest retail gasoline prices on average. $3.60 was the average price for 2012. we're looking at 2013 starting off around 3.29 a gallon. aaa is saying we're going to see gas prices that are probably a little cheaper than a year ago, but still, rather high. we're seeing a big downturn here in natural gas. bucking the trend from where other commodities are standing. prices hit a low of $3.05 and some traders saying it was just below trading activity. others say look at what's happening to the weather forecast a week or so out, where we're going to see very much above normal temperatures for much of the country. and then take a look at what's happening in the
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to be gone, we need the government to create the next energy industry. we will spend all this money on these renewable things. it will be great. we know how to do it, we have experts. then a disruptive market driven technology comes along that generates $2 natural gas makes all that stuff or basically puts it into the future and the money just went down the drain. a case study the way dwogovernm planning and infrastructure spending, you will get 10 cents of every dollar you spend, basically. that should be in a future book, shouldn't it, to show you the way? we have to learn it again and again. >> it should. as your kids get older and my kids are at that age, it should. as a you start to see some of the school's syllabus for business classes and marketing classes, what you will learn, joe, making a profit is the last thing any of these classes want to teach. >> it's a dirty business. >> there was a time 4 or 500 years ago a middleman marked something up, that was supposed to be a bad thing. supposed to have a zero-sum game between buyer and serier and i thought we all learned about
to you? we talked about it briefly the other day with you. >> it's where to be in energy. you know, natural gas -- one of the things about natural gas which i love is that everybody kind of -- you see them come on your show and elsewhere on cnbc and they talk about this great boom that's going on in shale drilling. and i'm on the other side at this point and this is a tremendous bust in shale drilling that's going on because the price will not allow the innovations to move forward at this point. there's no demand source that's coming back into the market. >> a little better. >> there's no transport demand session coming back. >> it's better than 180. it's not what's needed for a real excitement about the fuel which is $5, $6, $7. >> so should we have a national policy to try to use more of this national gas and pump prices up and get people to do that instead of focusing on solar and hoping we'll have sun? >> yeah. by the way, i think that we should be doing both. that's really -- i think we should be doing both. but in terms of natural gas in 2012, there's been failure after failu
in the bill an extension of tax credits for clean energy, for education. you've got some of the stimulus measures, expanded earned income tax credit, expanded childcare -- child exemption that was in the bill. so all of these thing are tax cuts for middle and modest income families, although they are going to lose, becky, because we did not extend the payroll tax cut, that temporary 2% cut that means about $20 a week for a family making $50,000. so that is a -- a bit of a counter drag on the economy from the whatever boost it's gotten from theection tension of middle-class tax cuts. >> i've seen that in places they're estimating as much as 0.5% of gdp growth because of the payroll tax alone. you look at that, and people expect that if you continue to want social security you're going to have to fund if t somehow. this is money that's supposed to be going to that. >> that's right. and the payroll tax cut was always intended as a temporary measure to stimulate the economy. and if you reason that you stimulate the economy until it's recovering, we're in a recovery now. so there's logic to l
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